CoinEx Is Shutting Down: Brokerate Marks Exchange as Inactive
CoinEx has announced that it is shutting down its crypto exchange operations after nine years. Following the end of its main trading services, Brokerate has marked the CoinEx exchange profile as Inactive.
CoinEx cited a prolonged cryptocurrency market downturn, declining trading volume and liquidity, increasing regulatory requirements, rising compliance costs, and operational uncertainty.
The shutdown is taking place in stages. CoinEx is no longer operating as an active trading exchange, but withdrawals remain available until December 22, 2026.
CoinEx Status: Inactive
Trading: Ended
New registrations: Ended
Deposits: Ended
Withdrawals: Available until December 22, 2026 at 02:00 UTC
Brokerate status: Inactive
CoinEx Has Stopped Trading Services
CoinEx began the shutdown process on September 15, 2026, when it stopped accepting new registrations and placed futures markets into Reduce-Only Mode. It also ended new orders or subscriptions for margin trading, loans, Earn, staking, fiat services, and strategic trading.
On September 22, CoinEx discontinued non-spot services and most on-chain deposits.
On September 29, it ended all spot trading, canceled unexecuted orders, and began processing remaining non-USDT assets.
CoinEx is no longer operating as an active trading exchange.
Brokerate has therefore updated the CoinEx profile and marked it as Inactive. However, this does not mean that users can no longer access their remaining assets. Withdrawals are still available during the final withdrawal period.
Can Users Still Withdraw Funds From CoinEx?
Yes.
CoinEx has stated that withdrawals will remain available until:
December 22, 2026 at 02:00 UTC
The exchange says its asset reserve ratio remains above 100% and that user assets are fully backed and available for withdrawal during this period.
Users with funds remaining on CoinEx should therefore treat the platform as withdrawal-only, rather than as an active cryptocurrency exchange.
CoinEx has also advised users to complete withdrawals as early as possible instead of waiting until the final deadline, as blockchain congestion, transaction fees, or confirmation delays could affect withdrawals.
What Happens to Assets Left on CoinEx?
USDT assets not withdrawn by the December 22 deadline will be transferred into independent custody.
Users may later submit claims through CoinEx support, although identity re-verification and additional security reviews may be required.
According to CoinEx, a monthly custody fee equal to 5% of the original asset balance at the end of the withdrawal period will apply to assets that remain unclaimed.
The final deadline for custody claims is:
August 22, 2028
Users who still hold funds on the exchange should carefully review the official shutdown announcement and consider completing withdrawals well before December 22.
What Happened to CET?
CoinEx introduced a separate arrangement for CET, the exchange's native token.
Between September 15 and September 29, CoinEx offered to repurchase CET at:
0.005 USDT per CET
The CET repurchase window ended on September 29. CoinEx stated that any CET remaining in user accounts after the window would be automatically repurchased at the same price, with the resulting USDT credited to users' spot accounts.
CoinEx Smart Chain and OneSwap also ceased operations on September 29.
CoinEx Wallet and CoinEx Vault Are Not Closing
An important distinction is that the shutdown applies specifically to the CoinEx exchange platform.
According to CoinEx, CoinEx Wallet and CoinEx Vault are independent business services and are not included in the exchange shutdown.
CoinEx says these services will continue operating according to their respective service terms.
Users should therefore distinguish between the CoinEx centralized exchange, which is closing, and CoinEx Wallet and CoinEx Vault.
Why Is CoinEx Closing?
CoinEx cited several factors behind its decision:
A prolonged cryptocurrency market downturn
Lower industry trading volumes
Reduced market liquidity
Increasing regulatory requirements across major jurisdictions
Rising compliance costs
Greater operational uncertainty
The exchange described the shutdown as an “orderly cessation.”
CoinEx originally launched on December 22, 2017. The exchange is scheduled to complete its closure on December 22, 2026, exactly nine years later.
Beware of CoinEx Shutdown Scams
CoinEx has warned users to be particularly careful about scams during the shutdown period.
Users should rely only on official CoinEx communication channels and should ignore anyone asking for:
Private keys
Account passwords
Verification codes
Transfers to another wallet for “unfreezing” an account
Transfers supposedly required for compensation
Transfers related to fake airdrops
CoinEx says it will never request this information or ask users to send cryptocurrency to an address for these purposes.
Users withdrawing funds should be especially cautious of phishing emails, fake customer-support accounts, fraudulent websites, and social media impersonation.
Brokerate Has Marked CoinEx as Inactive
Brokerate has changed the CoinEx exchange profile status to:
Inactive
The profile will remain available on Brokerate for informational and historical purposes.
Keeping the profile online allows users to understand what happened to CoinEx, review its previous services and policies, and access information about the shutdown.
CoinEx is no longer operating as an active trading exchange, but withdrawals remain available until December 22, 2026, at 02:00 UTC.
Important CoinEx Shutdown Dates
September 15, 2026
New user registrations stopped, futures entered Reduce-Only Mode, and the shutdown process began.
September 22, 2026
Non-spot services ended, and most on-chain deposit services were discontinued.
September 29, 2026
Spot trading ended, the CET repurchase window ended, remaining CET was scheduled for automatic repurchase, and CoinEx Smart Chain and OneSwap ceased operations.
December 22, 2026 at 02:00 UTC
The withdrawal period will end,d and the CoinEx exchange platform will cease operations.
August 22, 2028
Final deadline stated by CoinEx for custody claims involving assets that were not withdrawn before the shutdown.
Final Thoughts
CoinEx is no longer operating as an active trading exchange.
Spot trading, futures, deposits, Earn products, margin services, and most other exchange functions have already ended.
The most important point for existing users is that withdrawals remain available until December 22, 2026, at 02:00 UTC.
Users with assets remaining on CoinEx should use only official CoinEx channels, carefully verify any communication they receive, and consider completing withdrawals well before the deadline.
Brokerate will keep the CoinEx profile available as an Inactive listing so users can continue to access historical and shutdown-related information.
Source
CoinEx — Important Notice on CoinEx’s Orderly Cessation of Operations
